We scoured the nation to identify the best stock in every state. Rockwell Collins (symbol COL) is the publicly traded company we picked in Iowa. The company headquarters is located in Cedar Rapids.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Rockwell Collins by the Numbers
- Headquarters: Cedar Rapids
- Share price: $103.99
- Market value: $16.9 billion
- Price-earnings ratio: 15
(Prices and data are as of June 22, 2017)
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Before an $8.6 billion acquisition of B/E Aerospace in April, Rockwell was a leading manufacturer of avionics, flight control, communications and navigation systems that go into planes’ cockpits. In B/E, which manufactures, among other things, seating, lighting, oxygen systems and kitchen equipment, Rockwell has effectively acquired the rest of the plane.
Both companies are cash-rich, and the combined entity should be able to quickly pay down debt accrued during the merger, say analysts at Credit Suisse. The deal gives Rockwell more-direct exposure to commercial airlines, which is a more lucrative business than selling to other parts manufacturers. Credit Suisse analysts expect Rockwell to boost earnings by 24% and sales by 66%, cumulatively, through the two fiscal years ending in September 2018. They believe the stock has potential to reach $120 over the next 12 months, representing a potential gain of 15%.
-
Dow Hits New Intraday High on Fed Day: Stock Market TodayNot even the most important stock in the world could keep the oldest equity index down on a significant day for markets.
-
Savings Goal CalculatorTools Want to know how much you need to save each month to reach your financial goals? Our calculator helps you build a realistic savings plan.
-
If You'd Put $1,000 Into Sherwin-Williams Stock 20 Years Ago, Here's What You'd Have TodaySherwin-Williams stock has clobbered the broader market by a wide margin for a long time.
-
If You'd Put $1,000 Into UnitedHealth Group Stock 20 Years Ago, Here's What You'd Have TodayUNH stock was a massive market beater for ages — until it wasn't.
-
If You'd Put $1,000 Into Berkshire Hathaway Stock 20 Years Ago, Here's What You'd Have TodayBerkshire Hathaway is a long-time market beater, but the easy money in BRK.B has already been made.
-
If You'd Put $1,000 Into Procter & Gamble Stock 20 Years Ago, Here's What You'd Have TodayProcter & Gamble stock is a dependable dividend grower, but a disappointing long-term holding.
-
My Three-Day Rule for Investing: And If it Applies NowStock Market I've seen a lot in my career. Here's what I see now in the stock market.
-
Is It Time to Invest in Europe?Stock Market Europe is being shaken out of its lethargy, militarily and otherwise, by Donald Trump's changes in U.S. policy. Should investors start buying?
-
Why Is Warren Buffett Selling So Much Stock?Berkshire Hathaway is dumping equities, hoarding cash and making market participants nervous.
-
If You'd Put $1,000 Into Google Stock 20 Years Ago, Here's What You'd Have TodayGoogle parent Alphabet has been a market-beating machine for ages.
